Broad Peak joins hands with Brescon to raise $300 million to invest in distressed assets

​​The strategic partnership is coming at a time when experts believe that the stressed asset situation in India will get more complicated. Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in October.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/broad-peak-joins-hands-with-brescon-to-raise-300-million-to-invest-in-distressed-assets/articleshow/87854529.cms